Chapter 51

  Sometimes Xiong Xiaoge really felt that he couldn't see through Cao Yang.

  I don’t know whether this young man in his early 20s is smart or stupid.

  You say he is stupid, but Bomi is a company that has come back to life under the operation of Cao Yang, which is quite a shadow of Xiong Xiaoge himself back then. Now the two products of Bomi have exploded, and capital is very optimistic about him.

  Although Bomi’s current company scale is still relatively small, Xiong Xiaoge has judged based on his years of experience that the company’s valuation can be at least half a golden mountain.

  Zhuhai Jinshan’s corporate valuation is at least 1 billion yuan, and there will be more in the future.

  Xiong Xiaoge’s valuation for Bomi is about 500 to 600 million.

  Of course, the specifics can only be known after real detailed understanding.

  So just from the perspective of Cao Yang's operation with Bomi, this young man is very popular.

  But you have to say that he is smart. Penguin’s investment is very confusing. Now Cao Yang has acquired Penguin for half a year. Not only has Penguin not improved at all, but it has a tendency to lose more and more serious losses.

  This is also a necessity.

  The QQ user group has grown rapidly. It has been soaring from 10 million users in June. After viral transmission, it has basically expanded to almost 40 million users, and this scale is still expanding.

  The ever-increasing bandwidth costs, server costs, and operation and maintenance... a series of consumption has caused the current Penguin to suffer extremely serious losses, almost 2 million losses every month.

  Future costs will only be higher.

  Now IDG and Li Zekai are unwilling to continue to invest, only Cao Yang is still throwing money into it, using Bomi's profit to give Penguin blood.

  Even veteran investors like Xiong Xiaoge think that investing in Penguin is an unwise choice.

  Is Cao Yang stupid or something?

  Li Zekai wanted to sell off his own equity. Now Cao Yang is doing well. He doesn't retreat but advances. He actually wants to buy IDG's holding ratio.

  Xiong Xiaoge felt unbearable in his heart, and persuaded him with all his heart, "My brother, listen to my advice and give up Penguin. I really do it for you. Penguin's company has no future. Why waste money and time?"

  In fact, Cao Yang can also dilute their share by increasing capital instead of buying shares in IDG.

  For example, Cao Yang, IDG and Yingke now have a 6:2:2 stake in Penguin.

Assuming that Cao Yang, as the controller, wants the company to take out 10% of the equity to increase its capital, which is planned to be 5 million, then Cao Yang and IDG will have to use the corresponding 5 million * 60% in a ratio of 6:2:2. Only 5 million*20% and 5 million*20% of the funds are invested in it can maintain their original proportion.

  Otherwise, the party who contributes more will automatically get a higher proportion of equity.

  This is also the reason why most of the company’s employees’ equity is less diluted, because employees are unable to spend or are unwilling to use the money to maintain their original equity proportion.

  At the same time, this is also a very pitfall in capital operation. The founders of many listed companies were later driven out of the company after being listed. In fact, because the founders did not understand capital operation, they were wiped out by big assets.

  For example, Wang Zhidong, the founder of Xinlang, was expelled from the board of directors and lost control of Xinlang in the second year of Xinlang's listing in the United States in 2001;

  In 2015, 23 years of hard work, Zhang Lan, the founder of South Beauty, was swept out;

  In 2016, Vanke's equity war, founder Wang Shi gave up his personal equity as early as 1988, so when Baoneng became the largest shareholder in one fell swoop, Wang Shi faced the dilemma of exiting Vanke.

In general, the best situation for equity dilution is to achieve a win-win situation for shareholders and the company. However, if you do not have a good grasp in the process, as the dilution continues, the entrepreneur gradually loses control and is likely to be eliminated in the end. Out.

  If Cao Yang operates well, it may be possible to dilute the Penguin equity held by IDG and Yingke to a lower level through more than a dozen rounds of dilution.

  Direct purchase is simpler and more direct, short and thorough.

  Especially for unlisted companies like Penguin, there are not so many market and legal constraints.

  Wait for Penguin to go public, it will be much more complicated to operate.

  In fact, Bomi’s chess and card platform is now almost built, and about 5 or 6 chess and card games have passed the company’s internal tests, and they can be fully profitable.

  Bomi only needs to connect with QQ, let QQ continue to push people to the chess and card platform, and reach a strategic partnership, which can bring Penguins back to life.

   Cao Yang has been pressing down on not making Penguin profitable, so that he can withdraw his equity first, and then think about other things.

   "Cough cough." Cao Yang cleared his throat, took another sip of beer to moisturize his throat, and said unhurriedly, "How should I say, Xiong may not quite understand, I have a kind of obsession with penguins."

  This is also my father's unfulfilled wish. He fell on the way to acquire Penguin. "

  Cao Yang recounted the accident when his father went to Penguin.

   Speaking of emotion, the eyes are moist.

  This is indeed from the bottom of the heart, and Cao Yang did not tell lies. If he could, he would rather not live in the present life, just want his parents to be safe and happy for the whole family.

  Xiong Xiaoge lowered his head and drank, and he felt very uncomfortable after hearing the deeds of Cao Yang's father.

   "I probably understand. But in Shangyanshang, if you want to buy back IDG's equity in Penguin, I have to go back to the company to discuss it, and I have to re-valuate Penguin."

  "Understand, thank you, Brother Xiong."

  Cao Yang burst into tears and took his hand.

  ……

  On the way back, it rained lightly in the Imperial Capital.

  Xiong Xiaoge sat in the car, thinking about things in a trance.

  I don’t know why, but I always feel something is wrong.

  After a while, until he saw a dog licking on the road, in order to ride the next door to the little Pomeranian, he kept chewing her bones. As a result, little Pomeranian went to have **** with another wolfdog.

  Mr. Xiong suddenly reacted.

  I am really lonely when I came to the Imperial City. The original task was not completed, and I always felt that it was still arranged by someone?

  However, Xiong Xiaoge was also very enthusiastic. When he returned to the hotel, he called the US headquarters to report the incident.

   "hugo, what do you think?" McGovern asked him.

  Hugo is the English name of Xiong Xiaoge.

   "Our previous valuation of Penguin was seriously high. Facts have proved that this investment has really failed. The transfer of equity can at least recover part of the cost. I think it can be agreed."

   "hugo, take your mind, you are the head of the Asia Pacific region." McGovern said.

  At night, lying on the bed, Xiong Xiaoge carefully recalled the content of today’s conversation with Cao Yang, and was finally convinced:

  Indeed, if it weren’t for special obsessions like Penguin’s street-smashing businesses, fools would want it.

  ……

  ————————————————————————

  Recommend a book:

  "Experience the life of the gods" super cool, godly and heroic, many heroines

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  (End of this chapter)

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